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Aker Kvaerner awarded Purified Terephthalic Acid contract in China

Aker Kvaerner has signed a contract with JiaLong Petrochemical Fiber Company Limited to provide the basic engineering design and technical advisory services for JiaLong's new Purified Terephthalic Acid (PTA) plant to be built at its petrochemical complex in ShiShi, Fujian Province, People's Republic of China.

Aker Kvaerner has signed a contract with JiaLong Petrochemical Fiber Company Limited to provide the basic engineering design and technical advisory services for JiaLong's new Purified Terephthalic Acid (PTA) plant to be built at its petrochemical complex in ShiShi, Fujian Province, People's Republic of China.

"Aker Kvaerner is delighted to have won this important contract with JiaLong Petrochemical Fiber," said Wim van der Zande, President of AK Process. "We are the most experienced contractor in the execution of PTA projects utilising the INVISTA technology and in recent years much of that capability has been expanded through projects in China."
 
Mr. Fu Shuquan, Chairman of Jialong Group: "JiaLong has developed one of the largest chemical fibre production bases in North China. With the completion of this world-class manufacturing facility, we see it contributing both to local demand in Fujian province and further afield. Aker Kvaerner's considerable experience supports our goal for a successful and timely project delivery."
 
The new plant will produce 600,000 tpa of PTA.  The project commences immediately, and start-up of the new plant is scheduled for late 2008. The project will utilise advanced and proven PTA technology from INVISTA (formerly DuPont Textiles & Interiors).
 
Aker Kvaerner has worked on more than 20 PTA facilities spanning more than 20 years. Currently, that represents around 20 per cent of the world's PTA production capacity.
 
PTA is the preferred raw material for polyester, first introduced in 1951.  Today, PTA is used globally as a key ingredient in the manufacture of polyester fibres, resins and films and in the manufacture of PET.

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